NYC’s first Rainforest Cafe to pop up at the Empire State Building
No pranks allowed. New Yorkers will get their first taste of the classic themed restaurant, Rainforest Cafe, when it opens on the 86th floor of the Empire State Building in the first week of October. The excited news comes after news that the popular eco-focused chain, a staple of upscale shopping malls in the late […]
Internal Documents Show Internet Giant Used Exclusivity Deals to Maintain Ad Empire
Internal Google documents made public during the company's ongoing antitrust trial have laid bare the company's efforts to maintain its dominance in the digital advertising industry through exclusive deals and consolidation of its ad tech business. Marketing Brew Reports On the seventh day of Google's antitrust trial, some internal Google documents were made public that […]
Rupert Murdoch attends court hearing in battle over future of media empire | Rupert Murdoch
A Nevada probate court is set to begin privately reviewing evidence in a case that could determine who will control Rupert Murdoch's media empire after his death. Murdoch, 93, appeared in court on Monday for a hearing after he tried last year to change the terms of an irrevocable family trust to allow his eldest […]
Silver (XAG) Forecast: Is Silver Set to Test $32.52 if the Fed Goes Big on Rate Cuts? – FX Empire
Inflation data and jobless claims trigger interest rate cut Several major U.S. economic reports released last week supported expectations of a Fed rate cut. The Consumer Price Index (CPI) rose 0.2% in August, in line with expectations. Core inflation rose 0.3%. The Producer Price Index (PPI) also rose 0.2%, reflecting easing inflationary pressures. Additionally, jobless […]
Gold (XAU) Price Forecast: Will a Super-Sized 50-bp Fed Rate Cut Push Gold to $2,600? – FX Empire
US Dollar and Bond Yields Support Gold Rise Despite the rise in gold prices, the US Dollar Index rose slightly this week, closing at 101.114, up 0.07%. However, expectations of future interest rate cuts have kept the dollar's momentum in check, and gold prices have held steady. Additionally, bond yields have fallen, with the 10-year […]
Gold Price Forecast: Targets $2,600 Amid Strong Momentum and Bullish Breakout – FX Empire
The next target zone is 2,594 to 2,605 There are two patterns that point to a target zone of 2,594 to 2,605. The first price level marks the completion of an ascending ABCD pattern (purple) that started from the June swing low and extended by a 127.2% percentage. Secondly, the second level of the range […]
Gold Price Forecast: Faces Key Resistance at 2,529 Amid Consolidation Battle – FX Empire
An ascending triangle is forming There appear to be two ways to look at the recent tight consolidation pattern: as a rectangle, or as an ascending triangle pattern developing within the rectangle. If the triangle comes into play, a sharp upward breakout above 2,532 could occur. If the integrity of the triangle holds, a breakout […]
Gold (XAU) Daily Forecast: Key Support at $2,500 Holds as Fed Rate Cut Speculation Fades – FX Empire
The US Dollar Index (DXY), which tracks the dollar's relative value against a basket of major currencies, is approaching last week's monthly high, reducing gold's appeal as a non-yielding asset. Strong dollar and Fed interest rate expectations weigh on gold prices The recent rise in the US dollar has contributed to gold's decline as hopes […]
Succession battle for Murdoch empire to play out in secret in Nevada court | Rupert Murdoch
A battle between Rupert Murdoch and his children over the future of his media empire began this week, with observers trying to force a court to make the secret dispute public. Murdoch wants to change the structure of the family trust to give his eldest son Lachlan all voting power – a move that, if […]
Gold (XAU) Price Forecast: US Inflation Report to Decide Gold’s Next Move – FX Empire
Daily US Dollar Index (DXY)Gold prices fell slightly as the US Dollar Index (DXY) rose 0.4%, making dollar-denominated gold less attractive to holders of other currencies. Investors are watching the dollar for a possible breakout from last week's high of 101.917, with a further upside target of 102.040. The dollar's strength reflects uncertainty about the […]